Strategic Wealth Partners Ltd. Cuts Stock Position in Vulcan Materials (NYSE:VMC)

Strategic Wealth Partners Ltd. lessened its position in shares of Vulcan Materials (NYSE:VMC) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,310 shares of the construction company’s stock after selling 361 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Vulcan Materials were worth $4,335,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital World Investors purchased a new stake in shares of Vulcan Materials during the 1st quarter valued at $388,027,000. Vanguard Group Inc. raised its stake in Vulcan Materials by 5.0% in the first quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock valued at $4,368,273,000 after buying an additional 755,991 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Vulcan Materials by 271.0% in the fourth quarter. Point72 Asset Management L.P. now owns 823,141 shares of the construction company’s stock valued at $186,861,000 after buying an additional 601,268 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Vulcan Materials by 621.1% during the first quarter. Nordea Investment Management AB now owns 235,879 shares of the construction company’s stock worth $64,581,000 after acquiring an additional 203,166 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Vulcan Materials by 1,191.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 159,005 shares of the construction company’s stock worth $39,541,000 after acquiring an additional 146,695 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on VMC shares. Truist Financial lowered their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada dropped their price objective on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Loop Capital cut their target price on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Stephens lowered their price target on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, StockNews.com lowered Vulcan Materials from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $274.73.

Vulcan Materials Stock Up 0.0 %

Shares of VMC stock opened at $238.09 on Wednesday. Vulcan Materials has a twelve month low of $190.51 and a twelve month high of $278.79. The stock has a market cap of $31.44 billion, a P/E ratio of 34.76, a P/E/G ratio of 2.24 and a beta of 0.82. The stock has a 50 day moving average of $245.89 and a 200 day moving average of $253.69. The company has a current ratio of 2.48, a quick ratio of 1.66 and a debt-to-equity ratio of 0.43.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the company posted $2.29 EPS. The company’s revenue was down 4.7% on a year-over-year basis. As a group, sell-side analysts expect that Vulcan Materials will post 7.73 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.77%. Vulcan Materials’s dividend payout ratio (DPR) is 26.86%.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.